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The city of Tuscany is trying to attract new residents to its rural, mountainous communities with grants ranging from 10,000 euros (about $10,715) to 30,000 euros (about $32,145) to help cover the costs of purchasing and renovating a home, through the “Residenzialità in Montagna” program. 2024” meaning living in the mountains.
An Italian city is asking for new residents for 30 thousand euros
76 towns in Tuscany to choose from, including a small medieval village in the foothills on a steep rock, and the spa town “San Casciano dei Bagni”, known for its therapeutic thermal baths, which is an ideal place for residents looking for relaxation and wellness.
According to the Forbes website, art lovers may be attracted to the town of Caprese Michelangelo, or the island of Capraia Isola in the heart of the Tuscan archipelago, for those who want to experience living on one of the islands.
According to the Idealista website, the average cost of buying a house in the province of Pistoia, which is the least expensive in Tuscany, is 1,472 euros per square meter. This equates to about $136 per square foot, or $163,200 for a 1,200-square-foot house.
This initiative aims to renew and stabilize the population in these areas, which have witnessed a significant decline over the years. “The purpose of the intervention is to promote and encourage the resettlement of mountainous areas and their social and economic revitalization, and to work to combat the marginalization of these areas,” the city announced its need for new residents.
Learn about the terms
Tuscany Grants are designed to cover up to 50% of the costs associated with purchasing and renovating a home in a town with a population of less than 5,000, meaning not only purchasing a property, but also converting it into permanent housing, as holiday homes are not permitted.
The second requirement is that applicants must be either Italian citizens, EU citizens or non-EU citizens with a long-term residence permit, and must commit to registering as residents of an Italian city.
The city has set a deadline for applications, which is 1 p.m. local Tuscany time on July 27.
